Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Short Interest Update

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 1,930,000 shares, a growth of 19.9% from the November 30th total of 1,610,000 shares. Approximately 8.3% of the shares of the stock are sold short. Based on an average trading volume of 586,400 shares, the days-to-cover ratio is presently 3.3 days.

Analyst Ratings Changes

Several brokerages have weighed in on AOSL. Benchmark reiterated a “buy” rating and issued a $40.00 price objective on shares of Alpha and Omega Semiconductor in a research report on Wednesday, November 6th. Stifel Nicolaus dropped their price target on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating for the company in a research report on Wednesday, November 6th. B. Riley decreased their price objective on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Finally, StockNews.com upgraded shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Tuesday, December 24th.

Insiders Place Their Bets

In other Alpha and Omega Semiconductor news, COO Wenjun Li sold 2,183 shares of Alpha and Omega Semiconductor stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $35.49, for a total transaction of $77,474.67. Following the completion of the sale, the chief operating officer now owns 61,331 shares of the company’s stock, valued at $2,176,637.19. The trade was a 3.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Bing Xue sold 875 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $41.00, for a total value of $35,875.00. Following the transaction, the executive vice president now owns 128,986 shares in the company, valued at $5,288,426. This trade represents a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 54,065 shares of company stock worth $2,534,690 in the last ninety days. 16.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Several large investors have recently modified their holdings of the stock. Truvestments Capital LLC bought a new position in shares of Alpha and Omega Semiconductor in the third quarter worth approximately $45,000. Point72 DIFC Ltd bought a new position in Alpha and Omega Semiconductor in the 2nd quarter valued at approximately $47,000. Hollencrest Capital Management purchased a new stake in Alpha and Omega Semiconductor during the 3rd quarter valued at $56,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Alpha and Omega Semiconductor in the second quarter worth $62,000. Finally, Farther Finance Advisors LLC boosted its position in shares of Alpha and Omega Semiconductor by 10,937.5% during the third quarter. Farther Finance Advisors LLC now owns 1,766 shares of the semiconductor company’s stock valued at $66,000 after buying an additional 1,750 shares during the last quarter. Hedge funds and other institutional investors own 78.97% of the company’s stock.

Alpha and Omega Semiconductor Price Performance

Shares of AOSL stock opened at $36.92 on Tuesday. The company has a quick ratio of 1.44, a current ratio of 2.65 and a debt-to-equity ratio of 0.03. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of -55.10 and a beta of 2.48. The business’s fifty day moving average is $37.46 and its 200 day moving average is $37.36. Alpha and Omega Semiconductor has a twelve month low of $19.38 and a twelve month high of $53.29.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The business had revenue of $181.89 million during the quarter, compared to analysts’ expectations of $180.07 million. Alpha and Omega Semiconductor had a positive return on equity of 0.19% and a negative net margin of 2.94%. Alpha and Omega Semiconductor’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter last year, the company posted $0.30 EPS. Research analysts expect that Alpha and Omega Semiconductor will post -0.67 EPS for the current fiscal year.

About Alpha and Omega Semiconductor

Alpha and Omega Semiconductor Limited designs, develops, and supplies power semiconductor products for computing, consumer electronics, communication, and industrial applications in Hong Kong, China, South Korea, the United States, and internationally. It offers power discrete products, including metal-oxide-semiconductor field-effect transistors (MOSFET), SRFETs, XSFET, electrostatic discharge, protected MOSFETs, high and mid-voltage MOSFETs, and insulated gate bipolar transistors for use in smart phone chargers, battery packs, notebooks, desktop and servers, data centers, base stations, graphics card, game boxes, TVs, AC adapters, power supplies, motor control, power tools, E-vehicles, white goods and industrial motor drives, UPS systems, solar inverters, and industrial welding.